Equities analysts predict that Carlisle Companies, Inc. (NYSE:CSL) will post earnings per share of $1.13 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Carlisle Companies’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.11. Carlisle Companies reported earnings of $1.03 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, April 23rd.
On average, analysts expect that Carlisle Companies will report full year earnings of $7.41 per share for the current financial year, with EPS estimates ranging from $7.07 to $7.58. For the next fiscal year, analysts forecast that the company will post earnings of $8.32 per share, with EPS estimates ranging from $8.00 to $8.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 7th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.28. Carlisle Companies had a return on equity of 14.14% and a net margin of 13.59%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.73 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis.
NYSE:CSL traded up $0.66 during mid-day trading on Friday, reaching $122.62. The company’s stock had a trading volume of 269,586 shares, compared to its average volume of 417,543. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 0.61. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $129.47. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.10 and a beta of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 19th. Carlisle Companies’s dividend payout ratio is currently 25.72%.
Carlisle Companies declared that its board has authorized a stock repurchase plan on Tuesday, February 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, VP Scott C. Selbach sold 20,850 shares of Carlisle Companies stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $119.83, for a total value of $2,498,455.50. Following the transaction, the vice president now directly owns 62,916 shares of the company’s stock, valued at approximately $7,539,224.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Roberts sold 3,610 shares of Carlisle Companies stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $121.50, for a total value of $438,615.00. Following the completion of the transaction, the director now directly owns 84,762 shares in the company, valued at $10,298,583. The disclosure for this sale can be found here. Insiders sold a total of 69,865 shares of company stock worth $8,452,327 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Carlisle Companies by 2.5% in the 4th quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock valued at $522,647,000 after purchasing an additional 125,249 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Carlisle Companies by 11.3% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,229,436 shares of the conglomerate’s stock valued at $324,623,000 after buying an additional 327,768 shares during the period. Select Equity Group L.P. raised its holdings in shares of Carlisle Companies by 82.3% during the 3rd quarter. Select Equity Group L.P. now owns 1,394,484 shares of the conglomerate’s stock valued at $169,848,000 after buying an additional 629,420 shares during the period. Harris Associates L P raised its holdings in shares of Carlisle Companies by 60.3% during the 4th quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock valued at $125,048,000 after buying an additional 468,140 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Carlisle Companies by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock valued at $96,735,000 after buying an additional 37,916 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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